FL ARCHIVED February 2018 | Page 124

Market Action Report February 2018 Jupiter/Jupiter Beach Market Action Report City: Jupiter Title Phone Agent Name Website Title Other February 2018 Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $425,000 0% $624,344 24% 18% 12% 4% 221 24% 69 -10% 17% 8% 16% 11% .4% $296 10% 600 270 224 219 108 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2018 Selling Price vs Original List Price of 93.8% was down from 94.3% last month and down from 94.2% in February of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 95% 94.2% 95% 93.8% 94% 93.3% 94% 93% 92% 92% 91% M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 10.0 10.0 600 400 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con 8.0 6.0 4.0 2.0 0.0 D J F 18 8.0 6.0 4.0 2.0 0.0 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,000 900 800 700 600 500 400 300 200 100 0 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 18 This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2018 was 248, up 5.1% from 236 last month and down 5.7% from 263 in February of last year. Inventory / New Listings / Sales Inventory / New Listings / Sales Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con . 3 Mo Avg 93% A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower for MSI buyers. is more The beneficial for sellers while of a 6.0 MSI is better February 2018 MSI 200 higher MSI is better for buyers. February 2018 MSI of of 6.0 2017 200 months was at its lowest level The compared with February months was at its lowest level compared with February of 2017 0 and 2016. 0 and 2016. M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 15 16 17 18 124 | c 169 3 Mo Avg 800 Selling Price per Square Foot 300 290 280 270 260 250 240 230 220 210 200 Inventory & MSI Median Sales Price and Average Sales Price 16 A M J J A S O N D J F M 17 M A 15 M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 The Total Inventory Inventory & MSI of Properties available for sale as of 1,000 February was 751, of up Properties 6.7% from available 704 last for month and The Total Inventory sale as of down 14.9% 1,000 from 883 was in 751, February of last February Inventory February up 6.7% from year. 704 last month 2018 and down 14.9% was 800 at its 883 lowest level compared with February February 2018 of 2017 and 2016. from in February of last year. Inventory was at its lowest level compared with February of 2017 and 2016. The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2018 Selling Price per Square Foot of $270 was up 14.2% from $237 last month and up 23.5% from 219 in February of last year. 650 600 550 500 450 400 350 300 800 750 700 650 600 550 500 450 400 350 300 from $462,937 last month. February 2018 ASP was at the highest level compared to February of 2017 and 2016. 3 Mo Avg M A M J J A S O N Median D J F M A Sales M J Price J A S O N D Average J F M A Sales M J J Price A S O N D J F and 3 Mo Avg 15 16 17 18 Prices The Median Sales Price in February was $430,000, up 22.3% from $351,500 in February of 2017 and up 7.9% from $398,500 Prices The in February was in $430,000, 22.3% last Median month. Sales The Price Average Sales Price February up was $748,305, 800 from $351,500 in $442,946 February of and up $398,500 up 68.9% from in 2017 February of 7.9% 2017 from and up 61.6% 750 last month. The Average Sales February Price in February was $748,305, from $462,937 last month. 2018 ASP was at the 700 up 68.9% from $442,946 in February of 2017 and up 61.6% highest level compared to February of 2017 and 2016. 0 40 Selling Price per Square Foot M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 0 50 50 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 50 100 60 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 100 150 72 0 200 221 are running 11.6% ahead of last year's year-to-date sales of 198. 73 10 3 Mo Avg Number of Properties Sold 73 70 20 * LM=Last Month / L3M=Last Property Sales 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 300 February Property sales were 125, up 30.2% from 96 in February of 2017 and 30.2% higher than the 96 sales last 250 Property Sales 2018 sales were at their highest level month. February 300 February Property sales were 125, and up 30.2% 96 in YTD sales of compared to February of 2017 2016. from February February of 2017 and 30.2% higher than the 96 sales last sales of 250 200 221 are running 11.6% ahead of last year's year-to-date month. February 2018 sales were at their highest level 198. 150 compared to February of 2017 and 2016. February YTD sales of 80 30 -4% 6% 10% 23% 1% 221 12% February Sold Price per Square Foot $256 10% February Average Days on Market (Solds) 69 -10% -4% February Month's Supply of Inventory 6.7 -25% Asking Price per Square Foot (based on New Listings) $296 10% 6% February Sale Price vs List Price Ratio 94.0% -0% February Sold Price per Square Foot $270 14% 10% 24% 16% $256 10% 10% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date February Month's Supply of Inventory 6.0 -18% -5% -35% 11% 6.7 -25% 23% of 94.0% Properties February Sale Price vs List Price Ratio 93.8% -.5% -.1% -.4% Number .4% -0% Sold 1% February Number of Properties Sold 90 Asking Price per Square Foot (based on New Listings) $624,344 4% 17% 3 Mo Avg 100 February Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) 5% 40% The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 72, up 7.5% from 67 days last month and down 1.4% from 73 days in February of last year. The February 2018 DOM was at its lowest level compared with February of 2017 and 2016. February Average Sales Price Trending versus*: YTD Prior YTD 18% Prior Year $425,000 Days On Market for Sold Properties Market Time February Sales Price February Median Number of Properties Sold Trending versus*: Prior YTD Prior Year YTD Average List Price Currently of all Current Total Properties for Listings Sale (Inventory) Community Information | School District Market Profile & Sales Trends Overview February Median Price Median List Average Price of Sales all Current February Price Listings Title Phone Website Other Price Range: All | Properties: SFH - Con $599,000 0% 7% Other $1,302,044 Trending -1% versus*: 25% Month LM 8% L3M 1% PYM 22% LY $430,000 $599,000 0% 62% 27% 7% 69% $748,305 $1,302,044 751 -1% 7% 25% -15% $430,000 125 8% 30% 1% 22% 30% 5% $748,305 62% 27% 69% 40% 72 7% 1% -1% 751 7% -15% $300 3% 2% 14% 125 30% 30% $270 14% 10% 24% 72 7% 1% -1% 0% 6.0 -18% -5% -35% $300 3% 2% 14% 8% 93.8% -.5% -.1% -.4% Average List Price of all Current Listings Agent Name Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con February 2018 Jupiter/Jupiter Beach City: Jupiter City: Jupiter Agent Name Market Action Report M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 15 16 17 18 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction. . | 125 Data is is provided provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Naples Board of REALTORS, of the Palm Beaches, Space Coast Association Flagler of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board c of o REALTORS, of REALTORS, of REALTORS may n o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin l d w e Emerald l b Coast a n Association k e r Association h ome s Pensacola c o and m Association Data courtesy County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Board Area of REALTORS, REALTORS REALTORS Association of Association the Palm Beaches, Space Coast Association of REALTORS, County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal of Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of l REALTORS, Pensacola of REALTORS may not reflect all relevant and real estate does not not warrant warrant guarantee accuracy of this information. It is responsibility the responsibility any or buyer verify and all information relevant to such consumer’s estate transaction. does or or guarantee the the accuracy of this information. It is the of any of buyer seller or to seller verify to any and any all information relevant to such consumer’s real estate real transaction.